Global conglomerate CJ Group marks expanding its operations in the animal feed sector in Vietnam by launching a new CJ Feed Ingredient Vietnam factory in the southern province of Ba Ria-Vung Tau today.
Covering an area of 45,466 square metres, the $18.3-million facility will specialise in manufacturing feed ingredients, like fermented soybean, for both the local market and export at an estimated capacity of 22,000 tonnes per year.
“The new factory is equipped with high-tech production technology wholly imported from Korea which helps ensure product quality. Thus, it will support farmers in feeding their livestock and raising profit,” said Chang Bok Sang, CEO of CJ Vietnam.
“The new factory will help us better serve our clients and demonstrate the group’s desire to contribute to growing the country’s agriculture as well as meet our projected business growth in the years ahead,” Chang added.
Established in 1953, CJ is a global conglomerate with four business segments, including food and food services, bio and pharma, entertainment and media, and homeshopping and logistics.
CJ has operated in Vietnam since 1998. In 1999 it established CJ Vina Agri Co., Ltd. in the southern province of Long An, specialising in the production and trading of animal feed. As of now, the group has opened three additional animal feed processing plants in Dong Nai, Vinh Long, and Hung Yen provinces and two subsidiary companies CJ IMC and CJ Korean Express, which supply logistics services.
Earlier in August, CJ arrived to the central province of Binh Dinh to find investment opportunities in numerous sectors. Notably, the group wanted to develop an animal feed processing plant at Nhon Hoa industrial zone in An Nhon town, as well as a pig breeding farm, and a seafood processing plant.
Besides, it also studied the possibility of building cinemas to meet the entertainment demand of locals and tourists in Quy Nhon city.
In addition, CJ is famous for various popular brands, like Tous les Jours, CGV or SCJ TV Homeshopping.